S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax benefit from such losses.
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). Or perhaps you already have an HSA.
The tax professionals at SEK are dedicated to helping you maximize your income through a variety of tax-saving strategies.
Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as a dividend.
November 3, 2020 Maryland is launching a new $50 million grant program to provide direct relief to restaurants across the State. These grants can be used for:
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees. There are several types of qualified plans that are eligible for these tax advantages:
If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing.
Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in?
IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well.